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I have bought into the first new project in a long while.
I watched on the sidelines as this pumped hard back in April - totally faded it.
Now, with this overall market retrace, I think we’ve been given a solid R/R and I'm having a pop.
Project is @knoxnetofficial - $ KNX
I really think this will do numbers.
KNX is 100% private blockchain, enabling totally offline transactions. None of this copy paste ZK Proof waffle, it actually is private - no meta data no nothing.
It’s like the cash version of Crypto payments. Untraceable - and I think has a pretty large use case.
Alts have been struggling a lot, but privacy has been a hot topic. I think this can capitalise on that momentum.
Testnet also literally just dropped so its not just talk.
Entry wise, very attractive. 85% down from ATH, with a heavily oversold 1D RSI and massive bull divs on the 1H RSI.
I would say price is sitting in its last line of defence, which is where we’re gonna get our reversal from, if its gonna happen.
Bit more risk adding something here cos of the wider market, but it is what it is and i think its gonna come right. I do not think we have much lower to go and building positions within these times provides the best returns over the coming months.
Almost all of my best investments have been in these market conditions.
The bigger the retrace into solid supply, the more favourable the entry. Although I think this is a pretty good opportunity, It aint financial advice and anything you add during these times, make sure to be smart.
$8m with an ATH of $48m
6x to ATH
But potential is much higher than that.
Bought in today and will add a bit more if we test the range lows here at $6m. Let's see how it goes.
Correct CA: 0xf19304e6bFE0A18D2a0171758aA433921F192897
Will leave all the links in the post below if you want to do some more digging.